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It was on January when I first reviewed Coinmama. It was among the first services I reviewed in the website 99Bitcoins.
Among the big changes in the industry of Bitcoin for is the method of buying bitcoin easily by using a credit card. This is because of companies like Simplex who have allowed brokers and exchanges to verify users who has less risk, therefore accepting the use of credit cards.
Now Coinmama allowed Simplex to integrate in its system which permitted you to use any Mastercard or Visa you might have. Since the methods became much more advanced, it made the fees cheaper as well. It still sounds a lot though, but the fee is just the same everywhere with other companies selling Bitcoin using a payment method of credit card.
This is because the companies deployed expensive measures just to prevent fraud and chargebacks. The speed in which you can get your coins is the last thing that was improved. What happened in the past is that you need to wait for the transaction confirmation to appear from Western Union.
But now, when your payment is done, you can immediately withdraw your coins and that is perfectly awesome. I was looking for other reviews around the internet about Coinmama, but what I only found is this thread, which a lot of users report that they are delighted with the website. If you choose or consider using Coinmama, this is a short tutorial I made to help you about the whole process. The quick answer is yes. It is such a reputable company and its only downfall is the high fees.
If you can find other option in which you can use a different mode of payment than your credit card, then you can go elsewhere and avoid the high fees. To sum up all, the service is great enough and hopefully it would be more affordable in the future. Cheaper Fees thanks to credit cards Since the methods became much more advanced, it made the fees cheaper as well. Of course, you can have your Bitcoins in an Instant The speed in which you can get your coins is the last thing that was improved.
Should I choose Coinmama?